Parnassus Investments LLC Has $247.17 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Parnassus Investments LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,951,250 shares of the information technology services provider's stock after selling 274,711 shares during the period. Parnassus Investments LLC owned about 0.54% of Fidelity National Information Services worth $247,167,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $7,876,000. Fifth Third Wealth Advisors LLC grew its position in Fidelity National Information Services by 12.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider's stock worth $487,000 after acquiring an additional 655 shares during the last quarter. Caprock Group LLC grew its position in Fidelity National Information Services by 115.1% during the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider's stock worth $2,225,000 after acquiring an additional 14,218 shares during the last quarter. Pathstone Holdings LLC grew its position in Fidelity National Information Services by 3.0% during the 3rd quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider's stock worth $3,096,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Clarkston Capital Partners LLC grew its position in Fidelity National Information Services by 5.0% during the 3rd quarter. Clarkston Capital Partners LLC now owns 63,000 shares of the information technology services provider's stock worth $5,276,000 after acquiring an additional 3,000 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FIS shares. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday, November 5th. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $89.68.

Fidelity National Information Services Stock Down 2.6 %

Shares of FIS stock traded down $2.34 on Tuesday, hitting $86.08. 3,054,841 shares of the stock were exchanged, compared to its average volume of 3,758,106. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $46.34 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $91.98. The business has a 50-day moving average of $86.79 and a 200 day moving average of $80.32.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is 57.37%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.